NST 1.19% $14.93 northern star resources ltd

Best looking weekly chart, page-506

  1. 683 Posts.
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    "Not so sure, there's 70% chance it will look like this....."

    Skol thinks there is a 70% chance that NST will go down when it gets to the pointy end of the price triangle.

    Not according to this chart.
    Rather, there is a 70% chance that NST will go up in July.
    The average rise through July in the last 10 years has been 9.0%.

    In what month would you rather own NST?

    The A$ GOLD etf only increases an average 1.5% in July, so NST's July seasonality occurs in spite of a fairly flat gold price in July.
    ( The big months for the GOLD etf are January (3.0%) and August (2.8%) )

    I also note that, barring accidents today or tomorrow, NST have not announced any material events that would invalidate the FY21 guidance that NST have confirmed as late as 4 May.

    "On track to achieve FY21 production guidance;
    1.5-1.7Moz at AISC A$1,390-A$1,520/oz"


    If they hit the middle of that guidance, that ought to be good for a 9% rise in the SP.

    Cheers

    https://hotcopper.com.au/data/attachments/3309/3309719-8a2bd5184135f7fdc9e89662d735a790.jpg

    Last edited by Downanout: 29/06/21
 
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